Notable Companies Reporting Earnings Before Tomorrow's Open
Written by Emily J. Thompson, Senior Investment Analyst
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.69... Chevron (CVX), consensus $1.44... American Express (AXP), consensus $3.53... Verizon (VZ), consensus $1.06... Colgate-Palmolive (CL), consensus 91c... Charter (CHTR), consensus $9.88.
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Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 137.580
Low
114.00
Averages
132.17
High
158.00
Current: 137.580
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Exxon Mobil's Q4 Earnings Outlook Amid Market Challenges
- Earnings Forecast: Analysts project Exxon Mobil's Q4 EPS at $1.68 with revenues around $82.28 billion, as lower upstream prices may weigh on results, but robust refining and record production in Guyana and the Permian Basin are expected to provide critical earnings support.
- Refining Resilience: Despite market headwinds, Exxon reported $7.5 billion in earnings in Q3, driven by record refinery throughput and over $14 billion in structural cost savings since 2019, showcasing the strength of its integrated business model.
- Venezuela Opportunity: With the Trump administration urging U.S. oil majors to rebuild Venezuela's energy sector, Exxon leadership is open to evaluating re-entry, although experts caution about historical risks of expropriation in this politically volatile environment.
- Future Growth Strategy: The company reaffirmed its “League of Our Own” strategy, with 10 major project startups expected to contribute over $3 billion in additional earnings by 2026, while maintaining a $20 billion annual share buyback program to return significant value to shareholders.
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US Stocks Plummet as Microsoft Reports Disappointing Earnings
- Microsoft's Earnings Decline: Microsoft shares plummeted over 12% after reporting disappointing cloud business growth, significantly impacting the broader market, particularly technology stocks.
- Meta Platforms' Strong Rebound: Meta Platforms' stock rose more than 7% after reporting Q4 revenue of $59.89 billion, exceeding market expectations, thus providing a positive influence on the market.
- Surge in Energy Prices: WTI crude oil prices increased by over 3% to a 4.25-month high, driven by President Trump's call for a nuclear deal with Iran, boosting energy producers' stock prices.
- Unemployment Claims Data: Initial jobless claims in the US fell by 1,000 to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to a six-month low, suggesting overall market strength.
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